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Stochastic Frontier Analysis


Stochastic Frontier Analysis
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Stochastic Frontier Analysis


Stochastic Frontier Analysis
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Author : Subal C. Kumbhakar
language : en
Publisher: Cambridge University Press
Release Date : 2003-03-10

Stochastic Frontier Analysis written by Subal C. Kumbhakar and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-03-10 with Business & Economics categories.


Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis.



A Practitioner S Guide To Stochastic Frontier Analysis Using Stata


A Practitioner S Guide To Stochastic Frontier Analysis Using Stata
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Author : Subal C. Kumbhakar
language : en
Publisher: Cambridge University Press
Release Date : 2015-02-02

A Practitioner S Guide To Stochastic Frontier Analysis Using Stata written by Subal C. Kumbhakar and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-02 with Business & Economics categories.


This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.



Efficiency Analysis


Efficiency Analysis
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Author : Subal Kumbhakar
language : en
Publisher: Now Publishers
Release Date : 2014-12-19

Efficiency Analysis written by Subal Kumbhakar and has been published by Now Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-19 with Business & Economics categories.


Efficiency Analysis details the important econometric area of efficiency estimation, both past approaches as well as new methodology. There are two main camps in efficiency analysis: that which estimates maximal output and attributes all departures from this as inefficiency, known as Data Envelopment Analysis (DEA), and that which allows for both unobserved variation in output due to shocks and measurement error as well as inefficiency, known as Stochastic Frontier Analysis (SFA). This volume focuses exclusively on SFA. The econometric study of efficiency analysis typically begins by constructing a convoluted error term that is composed on noise, shocks, measurement error, and a one-sided shock called inefficiency. Early in the development of these methods, attention focused on the proposal of distributional assumptions which yielded a likelihood function whereby the parameters of the distributional components of the convoluted error could be recovered. The field evolved to the study of individual specific efficiency scores and the extension of these methods to panel data. Recently, attention has focused on relaxing the stringent distributional assumptions that are commonly imposed, relaxing the functional form assumptions commonly placed on the underlying technology, or some combination of both. All told exciting and seminal breakthroughs have occurred in this literature, and reviews of these methods are needed to effectively detail the state of the art. The generality of SFA is such that the study of efficiency has gone beyond simple application of frontier methods to study firms and appears across a diverse set of applied milieus. This review should appeal to those outside of the efficiency literature seeking to learn about new methods which might assist them in uncovering phenomena in their applied area of interest.



Benchmarking With Dea Sfa And R


Benchmarking With Dea Sfa And R
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Author : Peter Bogetoft
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-11-19

Benchmarking With Dea Sfa And R written by Peter Bogetoft and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-19 with Business & Economics categories.


This book covers recent advances in efficiency evaluations, most notably Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) methods. It introduces the underlying theories, shows how to make the relevant calculations and discusses applications. The aim is to make the reader aware of the pros and cons of the different methods and to show how to use these methods in both standard and non-standard cases. Several software packages have been developed to solve some of the most common DEA and SFA models. This book relies on R, a free, open source software environment for statistical computing and graphics. This enables the reader to solve not only standard problems, but also many other problem variants. Using R, one can focus on understanding the context and developing a good model. One is not restricted to predefined model variants and to a one-size-fits-all approach. To facilitate the use of R, the authors have developed an R package called Benchmarking, which implements the main methods within both DEA and SFA. The book uses mathematical formulations of models and assumptions, but it de-emphasizes the formal proofs - in part by placing them in appendices -- or by referring to the original sources. Moreover, the book emphasizes the usage of the theories and the interpretations of the mathematical formulations. It includes a series of small examples, graphical illustrations, simple extensions and questions to think about. Also, it combines the formal models with less formal economic and organizational thinking. Last but not least it discusses some larger applications with significant practical impacts, including the design of benchmarking-based regulations of energy companies in different European countries, and the development of merger control programs for competitionauthorities.



An Introduction To Efficiency And Productivity Analysis


An Introduction To Efficiency And Productivity Analysis
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Author : Timothy J. Coelli
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

An Introduction To Efficiency And Productivity Analysis written by Timothy J. Coelli and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


An Introduction to Efficiency and Productivity Analysis is designed as a primer for anyone seeking an authoritative introduction to efficiency and productivity analysis. It is a systematic treatment of four relatively new methodologies in Efficiency/Production Analysis: (a) Least-Squares Econometric Production Models, (b) Total Factor Productivity (TFP) Indices, (c) Data Envelopment Analysis (DEA), and (d) Stochastic Frontiers. Each method is discussed thoroughly. First, the basic elements of each method are discussed using models to illustrate the method's fundamentals, and, second, the discussion is expanded to treat the extensions and varieties of each method's uses. Finally, one or more case studies are provided as a full illustration of how each methodology can be used. In addition, all four methodologies will be linked in the book's presentation by examining the advantages and disadvantages of each method and the problems to which each method can be most suitably applied. The book offers the first unified text presentation of methods that will be of use to students, researchers and practitioners who work in the growing area of Efficiency/Productivity Analysis. The book also provides detailed advice on computer programs which can be used to calculate the various measures. This involves a number of presentations of computer instructions and output listings for the SHAZAM, TFPIP, DEAP and FRONTIER computer programs.



Production Frontiers


Production Frontiers
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Author : Rolf Fare
language : en
Publisher: Cambridge University Press
Release Date : 1994

Production Frontiers written by Rolf Fare and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.


This book presents a mathematical programming approach to the analysis of production frontiers and efficiency measurement. The authors construct a variety of production frontiers, and by measuring distances to them are able to develop a model of efficient producer behaviour and a taxonomy of possible types of departure from efficiency in various environments. Linear programming is used as an analytical and computational technique in order to accomplish this. The approach developed is then applied to modelling producer behaviour. By focusing on the empirical relevance of production frontiers and distances to them, and applying linear programming techniques to artificial data to illustrate the type of information they can generate, this book provides a unique study in applied production analysis. It will be of interest to scholars and students of economics and operations research, and analysts in business and government.



Stochastic Frontier Analysis


Stochastic Frontier Analysis
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Author : Subal Kumbhakar
language : en
Publisher:
Release Date : 2000

Stochastic Frontier Analysis written by Subal Kumbhakar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Econometrics categories.




The Palgrave Handbook Of Economic Performance Analysis


The Palgrave Handbook Of Economic Performance Analysis
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Author : Thijs ten Raa
language : en
Publisher: Springer Nature
Release Date : 2019-12-13

The Palgrave Handbook Of Economic Performance Analysis written by Thijs ten Raa and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-13 with Business & Economics categories.


This Handbook takes an econometric approach to the foundations of economic performance analysis. The focus is on the measurement of efficiency, productivity, growth and performance. These concepts are commonly measured residually and difficult to quantify in practice. In real-life applications, efficiency and productivity estimates are often quite sensitive to the models used in the performance assessment and the methodological approaches adopted by the analysis. The Palgrave Handbook of Performance Analysis discusses the two basic techniques of performance measurement – deterministic benchmarking and stochastic benchmarking – in detail, and addresses the statistical techniques that connect them. All chapters include applications and explore topics ranging from the output/input ratio to productivity indexes and national statistics.



The Econometrics Of Panel Data


The Econometrics Of Panel Data
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Author : Lászlo Mátyás
language : en
Publisher: Advanced Studies in Theoretical and Applied Econometrics
Release Date : 2008-04-25

The Econometrics Of Panel Data written by Lászlo Mátyás and has been published by Advanced Studies in Theoretical and Applied Econometrics this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-25 with Business & Economics categories.


This volume provides a general overview of the econometrics of panel data, both from a theoretical and from an applied viewpoint. This third edition provides a presentation of theoretical developments as well as surveys about how econometric tools are used to study firms and household's behaviors.



Stochastic Frontier Analysis


Stochastic Frontier Analysis
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Author : Niels Körner
language : de
Publisher:
Release Date : 2010

Stochastic Frontier Analysis written by Niels Körner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.